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March 2017 System Price Analysis Report (SPAR) published

Posted: 26 April 2017

The System Price Analysis Report (SPAR) is our monthly report on Imbalance Pricing. It includes an overview and analysis of the previous month’s prices and pricing parameters. The March 2017 report is now available on the Operations Reports page of our website.

The SPAR aims to increase industry understanding of pricing, in light of the Imbalance Price changes made as part of BSC Modifications P305 ‘Electricity Balancing Significant Code Review developments’ and P323 ‘Enabling inclusion and treatment of SBR in the Imbalance Price’ implemented in November 2015.

Analysis on March 2017 System Prices 

The average System Price in March was £29.25/MWh while the market was long and £78.17/MWh when the market was short. The highest average short System Prices were seen in Settlement Period 17 (average of £108/MWh) and Settlement Period 37 (average of £105/MWh). While the system was long prices stayed between £25/MWh and £35/MWh for all Settlement Periods.

Ave Prices Graph

If you want to keep up to date with ELEXON’s pricing analysis, SPAR is published monthly on the Operations Reports page of our website.

For further information, please email market.analysis@elexon.co.uk.